blockchain and financial intermediaries

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1. 'The technology will enable peers to establish identity that is verifiable, robust, and cryptographically secure and to establish trust when trust is needed'

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2. ‘The Blockchain can do for the movement of value what the standard shipping container did for the movement of goods: dramatically lower cost, improve speed, reduce friction, and boost economic growth and prosperity'

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3. ‘Individuals need not rely on banks as the primary stores of value or as providers of savings and checking accounts, and institutions will have a more efficient mechanism to buy and hold risk free financial assets'

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4. ‘On the Blockchain anyone will be able to issue, trade, and settle traditional debt instruments directly, thereby reducing friction and risk by increasing speed and transparency'

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5. 'Blockchain cuts settlement times on all transactions from days and weeks to minutes and seconds. This speed and efficiency creates opportunities for unbanked and under banked people to participate in wealth creation'

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6. 'Raising money normally requires intermediaries -investment bankers, venture capitalists, and lawyers to name a few. The Blockchain automates many of these functions, enables new models for peer to peer financing and could also make recording dividends and paying coupons more efficient, transparent and secure'

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7. 'Blockchain supports decentralised models for insurance, making the use of derivatives for risk management far more transparent. Using reputational systems based on a person's social and economic capital, their actions and other reputational attributes , insurers will have a much clearer picture of the actuarial risk and can make more informed decisions.'

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8. 'New accounting methods using blockchain's distributed ledger will make audit and financial reporting transparent and occur in real time'

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1. 'The technology will enable peers to establish identity that is verifiable, robust,and cryptographically secure and to establish trust when trust is needed'

2. ‘The Blockchain can do for the movement of value what the standard shipping container did for the movement of goods: dramatically lower cost, improve speed, reduce friction, and boost economic growth and prosperity'

3. ‘Individuals need not rely on banks as the primary stores of value or as providers of savings and checking accounts, and institutions will have a more efficient mechanism to buy and hold risk free financial assets'

4. ‘In the Blockchain anyone will be able to issue, trade, and settle traditional debt instruments directly, thereby reducing friction and risk by increasing speed and transparency'

5. 'Blockchain cuts settlement times on all transactions from days and weeks to minutes and seconds. This speed and efficiency creates opportunities for unbanked and under banked people to participate in wealth creation'

6. 'Raising money normally requires intermediaries -investment bankers, venture capitalists, and lawyers to name a few. The Blockchain automates many of these functions, enables new models for peer to peer financing and could also make recording dividends and paying coupons more efficient, transparent and secure'

7. 'Blockchain supports decentralised models for insurance, making the use of derivatives for risk management far more transparent. Using reputational systems based on a person's social and economic capital, their actions and other reputational attributes , insurers will have a much clearer picture of the actuarial risk and can make more informed decisions.'

8. 'New accounting methods using blockchain's distributed ledger will make audit and financial reporting transparent and occur in real time'



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Speaking Today

Lawrence LundyHead of Research & Partnerships

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Notes



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Speaking Today

Fiona SimpsonResearch Analyst



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blockchain and financial intermediaries

Economy & Finance